FIGURE 5-3
-Refer to Figure 5-3. Suppose P3 represents a price imposed by the government. The result would be
A) excess supply of Q3Q4.
B) excess supply of Q3Q0.
C) excess demand of Q0Q2.
D) excess demand of Q1Q2.
E) excess demand of Q3Q4.

Question

FIGURE 5-3
-Refer to Figure 5-3. Suppose P3 represents a price imposed by the government. The result would be
A) excess supply of Q3Q4. 
B) excess supply of Q3Q0. 
C) excess demand of Q0Q2. 
D) excess demand of Q1Q2. 
E) excess demand of Q3Q4.

Quizplus · Accepted Answer

The Answer of  FIGURE 5-3
-Refer to Figure 5-3. Suppose P3 represents a price imposed by the government. The result would be
A) excess supply of Q3Q4. 
B) excess supply of Q3Q0. 
C) excess demand of Q0Q2. 
D) excess demand of Q1Q2. 
E) excess demand of Q3Q4.

FIGURE 5-3 -Refer to Figure 5-3. Suppose P3 Represents a Price Imposed